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USD/CAD Price Analysis: Bull pennant breakout on 1H calls for further upside

Dhwani Mehta  |  10/07/2020 03:18

USD/CAD is back under the 1.3600 level following an uptick seen in early trades, as the risk-off sentiment remains the key theme in Asia this Friday,

WTI extends Thursday’s drop as virus cases rise

West Texas Intermediate (WTI) crude, a North American oil benchmark, dropped 0.40% to $39.58 during Friday’s Asian trading hours, extending Thursday’s10/07/2020 03:13

AUD/USD is off the lows, not out of the woods yet amid risk-off mood

Following a brief consolidative stint seen in the overnight trade, AUD/USD resumed its decline and fell as low as 0.6936 in the last hour before recov10/07/2020 02:55

EUR/USD Price Analysis: Euro is defending 200-hour SMA support

EUR/USD's pullback from 1.1371 to 1.1275 has weakened the immediate bull bias. The pair, however, is still holding above the 200-hour SMA. EUR/USD is10/07/2020 02:50

NZD/USD dips below 200-hour SMA on risk aversion

The NZD/USD pair is extending overnight losses with the US dollar continuing to draw haven bids amid losses in the equity markets. Currently, the pair10/07/2020 02:22

Coronavirus: Additional measures needed to cope with outbreaks in US – Goldman Sachs

Analysts at Goldman Sachs believe that the Trump administration should consider additional measures to combat the unstoppable coronavirus flare-ups in10/07/2020 02:19

PBOC sets Yuan reference rate at 6.9943

The People's Bank of China (PBOC) has set the yuan reference rate at 6.9943 versus Thursday's fix at 7.0085. 10/07/2020 02:16

Fed’s balance sheet sees largest weekly drop in over 11 years

The US Federal Reserve’s (Fed) balance sheet size declined by about $88 billion to $6.97 trillion in the week ended July 8, versus $7.06 trillion a w10/07/2020 01:53

Mnuchin: Unwilling to extend a boost to unemployment benefits

In a Thursday interview with CNBC, Mnuchin said that any extension of enhanced unemployment insurance would cap benefits at “no more than 100 percent”10/07/2020 01:51

USD/JPY bears in control in a risk-off setting

USD/JPY is a touch soft in the open of Tokyo, weighed by the prior bearish session which took the cross down from a high of 107.40 to 107.10. The US d10/07/2020 00:37

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